Monday, January 17, 2011

Duke-Progress leaders plan new nuclear plants

But first, utility wants N.C. to make iteasier to recoup cost from customers

Allowing utilities to quickly recover construction expenses without protracted hearings would help Duke Energy and Progress Energy fulfill their goal of developing new nuclear facilities, executives said. The companies could easily attract investors if they had the ability to recoup costs yearly, Duke added. Duke seeks to construct plants in South Carolina and Ohio while Progress intends to build reactors in North Carolina and Florida. The Charlotte Observer (N